GGN News and Press, GAMCO Global Gold Natural Resources & Income Trust From 05/24/21

If the labor market recovery stalls, interest rates and the dollar will fall. Inflation will stay elevated even if the labor recovery stalls. Gold will perform well against this backdrop. The odds of a slowdown in the labor market are increasing. For further details see:...

GGN holds gold and natural resource producers and has an attractive 9% yield if it can support it. I continue my series looking at CEFs beyond the yield. Long-term NAV decline and regular distribution cuts show the distribution cannot be supported. For further details see: ...

GAMCO Global Gold Natural Resources & Income Trust (NYSE American:GGN) traded today at a new 52-week high of $4.02. Approximately 712,000 shares have changed hands today, as compared to an average 30-day volume of 888,000 shares. GAMCO Global Gold Natural Resources & Income Trust...

Gold is one of the rare areas enjoying gains so far today, finding some safe-haven appeal amid weak equity markets and inflation concerns.Comex gold (XAUUSD:CUR) +0.9% to $1,885/oz., but silver (XAGUSD:CUR) -1.1% to $28.02/oz.; platinum and palladium also are lower.ETFs: [[GLD]], [[SLV]], [[G...

Gold is on the rise in the middle of trading on Monday, +1.25% so far and trading at $1,865/oz. Gold is now trading at over a 3-month high and approaching a four-month high. Gold has not seen the level its at since February 1st and is now +11.24% since its year-to-date low...

Gold’s response to changes in U.S. Treasury yields persisted through April, as prices trended to a monthly high of $1,798 per ounce on the 22nd while, at the same time, 10-Year yields fell to a monthly low of 1.53%. To end the month, yields reversed course from their lows and g...

GAMCO Global Gold Natural Resources & Income Trust (NYSE American:GGN) traded today at a new 52-week high of $3.92. So far today approximately 725,000 shares have been exchanged, as compared to an average 30-day volume of 794,000 shares. The Company primarily seeks to provide a high ...

Powell says inflation will be transitory. Buffett sees "substantial inflation." Inflation could drive interest rates much higher and trigger an equity bear market. The first quarter’s 6.4% GDP growth and great earnings leave limited room for upside surprises. Media cove...

Many people are thinking that last Friday's employment report points to a more accommodative Fed. Perhaps, but only if you think very short term. Many people are thinking that a more accommodative Fed is good news for growth stocks. Sure, but only if you think very short term. ...

Higher lows since March - A breakout in May. Gold is an inflation barometer. The consolidation was healthy. Buying gold on dips has been a winning strategy for over two decades. Gold mining stocks tend to outperform on the upside. Time to get back in GDXJ. For furthe...